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On the Allocation of Possible EU Total Allowable Catches ( TAC) for the Mediterranean Swordfish: An Envy-Free Criterion and Equitable Procedure.

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Title: On the Allocation of Possible EU Total Allowable Catches ( TAC) for the Mediterranean Swordfish: An Envy-Free Criterion and Equitable Procedure.
Authors: Kampas, Athanasios
Source: Journal of Agricultural Economics. Feb2015, Vol. 66 Issue 1, p170-191. 22p.
Subjects: Total allowable catch, Swordfish, European Union, International Commission for the Conservation of Atlantic Tunas, Contracts, Commons
Abstract: This paper examines the allocation of entitlement rights for the management of common property resources. In particular, the case of allocating a Total Allowable Catch quota for the Mediterranean swordfish is examined as a case study. The proposed approach comprises three steps. First, there is a bargaining procedure between the European Union ( EU) and the rest of the International Commission for the Conservation of Atlantic Tunas ( ICCAT) countries. As soon as an initial agreement is possible, the EU considers various equitable rationing methods to allocate its share to the European Member States. These rationing methods draw upon two different streams of the literature, bankruptcy and 'burden sharing'. Finally, the European Member States reach a fair agreement through minimising an envy-free index. The allocation rule which is defined as the weighted average of equal proportion and equal share rationales represents the best compromise solution. [ABSTRACT FROM AUTHOR]
Copyright of Journal of Agricultural Economics is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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  Data: On the Allocation of Possible EU Total Allowable Catches ( TAC) for the Mediterranean Swordfish: An Envy-Free Criterion and Equitable Procedure.
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  Data: <searchLink fieldCode="AR" term="%22Kampas%2C+Athanasios%22">Kampas, Athanasios</searchLink>
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  Data: <searchLink fieldCode="JN" term="%22Journal+of+Agricultural+Economics%22">Journal of Agricultural Economics</searchLink>. Feb2015, Vol. 66 Issue 1, p170-191. 22p.
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  Data: <searchLink fieldCode="DE" term="%22Total+allowable+catch%22">Total allowable catch</searchLink><br /><searchLink fieldCode="DE" term="%22Swordfish%22">Swordfish</searchLink><br /><searchLink fieldCode="DE" term="%22European+Union%22">European Union</searchLink><br /><searchLink fieldCode="DE" term="%22International+Commission+for+the+Conservation+of+Atlantic+Tunas%22">International Commission for the Conservation of Atlantic Tunas</searchLink><br /><searchLink fieldCode="DE" term="%22Contracts%22">Contracts</searchLink><br /><searchLink fieldCode="DE" term="%22Commons%22">Commons</searchLink>
– Name: Abstract
  Label: Abstract
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  Data: This paper examines the allocation of entitlement rights for the management of common property resources. In particular, the case of allocating a Total Allowable Catch quota for the Mediterranean swordfish is examined as a case study. The proposed approach comprises three steps. First, there is a bargaining procedure between the European Union ( EU) and the rest of the International Commission for the Conservation of Atlantic Tunas ( ICCAT) countries. As soon as an initial agreement is possible, the EU considers various equitable rationing methods to allocate its share to the European Member States. These rationing methods draw upon two different streams of the literature, bankruptcy and 'burden sharing'. Finally, the European Member States reach a fair agreement through minimising an envy-free index. The allocation rule which is defined as the weighted average of equal proportion and equal share rationales represents the best compromise solution. [ABSTRACT FROM AUTHOR]
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  Data: <i>Copyright of Journal of Agricultural Economics is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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      – Type: doi
        Value: 10.1111/1477-9552.12064
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      – Code: eng
        Text: English
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        PageCount: 22
        StartPage: 170
    Subjects:
      – SubjectFull: Total allowable catch
        Type: general
      – SubjectFull: Swordfish
        Type: general
      – SubjectFull: European Union
        Type: general
      – SubjectFull: International Commission for the Conservation of Atlantic Tunas
        Type: general
      – SubjectFull: Contracts
        Type: general
      – SubjectFull: Commons
        Type: general
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      – TitleFull: On the Allocation of Possible EU Total Allowable Catches ( TAC) for the Mediterranean Swordfish: An Envy-Free Criterion and Equitable Procedure.
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              Text: Feb2015
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